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<PAGE> Exhibit 21 Subsidiaries of the Company --------------------------- Central Co-operative Bank 100% owned by the Company, Incorporated under the laws of the Commonwealth of Massachusetts. Central Securities Corporation 100% owned by the Bank, Incorporated under the laws of the Commonwealth of Massachusetts. Central Preferred Capital Corporation 100% of the common stock and 89% of the preferred stock owned by the Bank, Incorporated under the laws of the Commonwealth of Massachusetts.
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